Eurostoxx -0.6% Germany DAX -0.2% France CAC 40 -0.8% UK FTSE -0.3% Spain IBEX -0.5% Italy FTSE MIB -0.1% This comes with S&P 500 futures
Prior 2.9%; revised to 2.8% The Swiss jobless rate ticked higher in June but only after a revision lower for the month of May. Labour
The revisions as always tend to be watered down but this is still better than the 5.10% wage hike secured for fiscal year 2024. And
Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 +0.2% UK FTSE +0.4% Spain IBEX +0.1% Italy FTSE MIB -0.2% US futures are also seen up
Prior 51.3 Composite PMI 52.1 Prior 51.4 Spain’s services sector continues to show improvement despite softer demand conditions; new work saw a decline for the
I’m still cautious, following all data available. I’m worried about investment in the Euro Area. Centeno is a dove, so I guess his cautiousness stems
Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.6% UK FTSE +0.5% Spain IBEX +0.6% Italy FTSE MIB +0.6% It’s a slight bounce back for
Prior 42.1 The improvement comes amid a notable jump in both the output and new orders. That said, the outlook remains tentative with 60% of
Prior 50.5 That’s the best reading for the year so far as the Spanish manufacturing sector posts modest growth towards the end of Q2. There
Symmetric 2% goal should remain ECB’s primary guide. New times call for vigorous policies at key moments. New times call for patience in temporary events.